Chancellor George Osborne said he has "found" the £12 billion of benefit cuts promised in the Tory election manifesto.
Measures expected to be announced in Wednesday's budget include cutting the amount of social housing cash available to council and housing association tenants, slashing the benefits cap to £23,000 a year in London and reducing funding to the BBC by £650 million a year.
George Osborne is set to cut £650 million from the BBC's budget - the amount the Government currently spends on providing free television licences for the over-75s.
The corporation will have to take on the cost of providing the 4.5 million licences - worth £145.50 per person - the Chancellor suggested on BBC1's The Andrew Marr Show.
"The BBC is also a publicly funded institution and so it does need to make savings and contribute to what we need to do as a country to get our house in order. So we are in discussion with the BBC," he said.
Reports suggested that the BBC would be able to recoup up to £150 million of lost revenue through charging for the use of its iPlayer and other online catch-up services.
He also hinted that the website could be scaled back, saying: "You wouldn't want the BBC to completely crowd out national newspapers. If you look at the BBC website it is a good product but it is becoming a bit more imperial in its ambitions."
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.